Procter & Gamble To Layoff Up To 7,000 Amid Slow Growth In USA
Changes at P&G as consumer spending slows.Corbis via Getty ImagesProcter & Gamble (P&G), the owner of consumer brands like Tide, Pampers and Swiffer, has announced plans to layoff up to 7,000 workers over the next two years. The plans are part of a larger restructuring announced by the company’s CFO, Andre Schulten, at a Deutsche Bank consumer conference in Paris on Thursday. The company announced plans to possibly exit some of its lower-performing brands, citing slow growth in the U.S. as part of the reaso ...